GEICO does not have a refund policy in place and their customers are usually only informed about how they are welcome to cancel their insurance policy with them even in the middle of the billing period. If you have been a long-time customer of GEICO and for some reasons best known to you, you want to go ahead and cancel your GEICO insurance policy. Let us now see what exactly is GEICO’s refund policy and how they apply their policies in different situations. GEICO says that if you have paid for the full insurance and you do not have any debts to settle with the company, you are very much eligible to receive a refund. Customers also get informed on how they will receive a prorated refund for the services they did not use. Talk about being courteous. It is no wonder why GEICO currently insures more than 25 million cars in the United States of America. ..

There is no specific rule about getting a refund, but you must be debt-free in order to receive one.

How Exactly Will I Receive My Refund?

After you have gone ahead to phone and cancel your insurance policy with GEICO and you are sure that you meet the requirements and are eligible to receive a refund, you might be wondering exactly when the cash would be hitting. Well, according to GEICO’s policy, refunds are usually sent to the customer’s email. Occasionally, GEICO might also send the money directly to the customer’s bank account.

How Much Does It Take Before I Receive My Refund?

Refunds may take a little longer for customers who use a credit card or debit card.

Refunds can take a long time to process, depending on the payment method used. To get your refund, you may need to use a different payment method or wait for a longer period of time.

GEICO says that if you purchase your insurance policy using a debit or credit card, you’ll get your money back within five to seven days after canceling it and requesting a refund.

If you paid for your GEICO insurance policy electronically, then you should expect to receive your refund within twelve to fifteen days after the policy is canceled. ..

Customers who used a check to pay for their GEICO insurance policy might have to wait a little longer to receive their refund. The refund will take about 15 days to be processed by GEICO and an extra week later for the check to get back to you. This payment method takes the longest time to get a refund because it is processed in the same format as checks. ..

How Do I Cancel My GEICO Insurance Policy?

At GEICO, you can only cancel your policy and request a refund through the phone. The number you would need to dial is (800) 841-1587 then you should hear the interactive voice system, say “Cancel insurance policy” and “Auto.” When you’re connected to a customer support agent, tell them you’d like to cancel your policy. Then go ahead and relay your GEICO policy number to the agent. After that, you can request your refund on a prorated basis. It is also best to request that an email confirming the cancellation be sent to you. It is really simple and efficient. So, there is no long line to wait in, no appointment to book, and no waiting period.

Conclusion

GEICO does not have an explicit refund policy, but customers who have completed their payments and do not owe the company a dime are eligible for a refund. The process of receiving a refund depends on the method of payment used.

Yes, you can cancel your GEICO policy with DONOTPAY.

If you have a policy with an insurance company, they may be able to help you cancel it without any stress. ..

Yes, you can cancel your insurance in person at any time. ..

The answer is no because the president said so.